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Type of review

ICON gives the best option as a blockchain technology for people to invest and gain high profits as a potential full project.

Pros
  • ICON have strong partnerships and have a very strong team to guide them in the main coarse.
Cons
  • The communication from team with the community is not that strong and good. People would like more interaction of the team with the people.

Revainrating 5 out of 5

If the team can keep on the schedule and move up in the ladder of crypto…

If the team can keep on the schedule and move up in the ladder of crypto currencies, they will succeed in near future.

Pros
  • They have the support and the back up from the big Korean market and this is a strong foundation.
Cons
  • The launch of the main net and the token swap was very delayed than expected. People were panicked with that situation.

I have been losing the interest over the project due to its less efficiency. Anyway, if the project takes steps to overcome issues over exchanges and gets listed in major exchanges with time, an increment of the project will be inevitable.

Pros
  • Initial stages of the projects were really good. Experienced a great commitment from the team and the Team took steps to reply to the views of the community with a real use. Has gained a considerable popularity among the community and was one of the coins worth keeping.
Cons
  • The progress of the project became slower and experiences break downs of the coin due to lack of support to the coin by the exchanges. Were not listed in many exchanges and as a result the coin lost its value amongst the public.

You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.

Pros
  • You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
Cons
  • You are not able to purchase ICX with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then swap that for ICX at an exchange such as Binance.

ICON’s blockchain has spread all over South Korea, one of the major leaders behind the cryptyo market and a good indicator of any coin’s acceptance in the cryptoworld at large. As a result, many users are waiting to see whether it will be adopted in other markets and its value rise significantly.

Pros
  • Although the feature is ready in the ICONex wallet, it is not yet ready in all of the exchanges and will be postponed until it is available in all exchanges. The announcement of the Token Swap will be made through ICON’s social networking channels and company blog.
Cons
  • The Token Swap will give those holding ICX tokens the option to exchange their tokens with mainnet ICX coins. Each ERC20 ICX token will be worth one mainnet ICX coin. The ERC20 ICX tokens traded will be burned to prevent further use. Those who do not participate will not be able to use the tokens once the Token Swap is over.

The next developer meetup will take place in Q1 of 2018. This is also when ICON will expand its partnership with various blockchain networks. It will also expand the DEX reserve pool to include assets in the majority of the most common cryptocurrencies. In Q3, there will be another developer meeting. This is also when the second service launch for the financial investment consortium will occur and the U-coin will expand to 10 universities. In terms of technical developments, Q1 of 2018 will see

Pros
  • Although there are already several decentralized networks, the expansion of ICON should allow for a unique addition to the crypto-world due to its size. Its scalability and accessibility make it a convenient choice for many who favor decentralization. We expect ICON to prove useful to more than just the communities it already serves, growing in terms of applications as it expands.
Cons
  • For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.

Revainrating 4 out of 5

For this guide, we will be purchasing Ethereum to swap for our target…

For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.

Pros
  • For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.
Cons
  • You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.

What’s more, I’ve also read that the team listed on the website doesn’t come close to covering the vast number of people who have, in one way or another, helped in the creation of ICON. The total number may be into the hundreds. With something as ambitious as ICON, it needs a brilliant and highly capable team behind it. And ICON certainly does. There’s a range of experience in different industries, such as finance, engineering, and computer technologies, and I am confident that they can ensure…

Pros
  • I couldn’t find an actual number for what ICON will be able to handle, but I guess once the mainnet launches we might get a better idea. ICON will allow for transactions between currencies like an exchange, though I still need to do a lot more reading on atomic swaps, so I don’t know exactly what’s going on with them.
Cons
  • Furthermore, if they do manage to essentially bring an entire country’s operation onto blockchains and have them interacting with ICON in some way, they’ll need to handle a higher number of transactions than any cryptocurrency has currently needed, or managed, to deal with

The proceeds from the recent token sale are fairly divided, with 20 percent going each to the tech company and one reserve. Another reserve receives 15 percent, with the same amount going toward business development. Twelve percent is allocated for operation expenses, with 8 percent for marketing expenses and 10 percent for strategy partners. Those who missed the token sale can trade for ICX. With the completion of the MAIN NET Launch, you do not even need exchanges to do so. Check for updates…

Pros
  • ICON Republic is the “hub”, of sorts, for all the various communities on the ICON network. C-Reps are responsible for making and managing this connection. All of the above is powered by ICON’s “Nexus” multi-channel blockchain, which is itself based on loopchain. Loopchain uses a Loop Fault Tolerance (LFT) consensus algorithm, which is very similar to a DPoS system, where C-Reps are “delegates” for their own communities on the network. They vote on cross-network reward policies, resolve discrepancies, vote on currency issuance, and generally help maintain network integrity. In essence, when a transaction is broadcast, C-Reps check if a transaction is valid, and if so, they send it on to the other C-Reps who continue checking and add it to the chain. Every Nexus blockchain can be further connected to several other Nexus blockchains, growing the ecosystem.
Cons
  • Becoming a node on ICON Republic is as simple as creating your own DApp. Those who become nodes receive rewards based on the ICON activation performance. An artificial intelligence system ensures a fair distribution of rewards, optimizing distribution while ensuring total decentralization.

ICON’s fee system has been updated. ICON’s transaction fee measurement unit is Step, which is set to meet ICON’s smart contract implementation environment. The price of Step is indicated as ‘loop’ and 1 loop is fixed to 0.0000000000000001( 10^–18) ICX. ‘Step Limit’ means the maximum amount of Step that you are willing to pay to execute the transaction. Even if the Step limit is set high, it will only consume the amount of Step needed to create the transaction. However, if you set Step limit too

Pros
  • ICONex enables users to create and manage wallets for various cryptocurrencies that are connected to ICON Network which includes ICX and ETH. Convenient exchange and transfer between ICX and other various cryptocurrencies connected with ICON is possible based on the Reserved Balance.ICON is an interconnecting blockchain network. ICON can connect independent blockchains without the use of additional third-party intermediaries. Various blockchains can communicate with each other through the ICON platform. By connecting siloed blockchains, ICON aims to become the largest blockchain in existence.
Cons
  • Do you think the Blockchain Interoperability Alliance with Wanchain/Aion is a good or bad thing? Does helping them succeed somewhat temper ICON's potential?ICON tokens are named ICX. ICX is used as an intermediary currency when transacting amongst the various blockchain networks. As an inter-chain blockchain, the ICON platform will be able to host other ICOs on the ICON platform.

ICON is engaged with various industries, such as hospitals, universities, banks, insurance companies, and securities firms. Tying these normally completely disparate communities together under one ecosystem would enable faster, cheaper, and more efficient transacting of communications, finances, and data between “worlds”; with smart contracts being able to take over a vast workload and automate proceedings, and the blockchain network generally enabling safer communications and handling of…

Pros
  • ICON’s primary goal of connecting separated blockchains into one overall blockchain ecosystem requires a fairly complex setup. The proprietary loopchain technology is the core fundament behind the system, with loopchain being powered by Loop Fault Tolerance (LFT) consensus, which is intended to be faster and more efficient than most other Byzantine-based consensus algorithms – here’s a good LFT primer from a more detailed technical perspective.
Cons
  • Five main parties further make up the network: Communities, C-Nodes (community nodes), C-Reps (community reps), Icon Republic, and Citizen Nodes. The following is somewhat simplified, for the full explanation please consult the ICON whitepaper.

Already being dubbed the “Ethereum of Korea”, the ICON (ICX) project is a smart contract protocol that wants to “Hyperconnect the World”. ICON aims to build an ecosystem of different blockchains in varying industries and communities, and in the process remove the need for expensive intermediaries. Over time, this should build up into a vast interconnected network, while being both faster and cheaper to manage than traditional iterations. In essence, ICON will allow smart contracts to interact…

Pros
  • The coin is doing well and has a 10 digit market cap also it is from the listed top 25 cryptocurrencies Lots of world known business firms are joining hands with ICON coin Several institutions have started using the technology of ICX Investors have a high trust factor over ICX coin From the beginning, the coin has risen over 300% till now.
Cons
  • ICON coin is originated from Korea, has signed an MOU with the Korea Customs Services after which recently the cryptocurrency has entered into an MOU with the world’s biggest Accounting Firm viz. DELOITTE (Deloitte Startup Advisory Group). Giant names in Corporates such as Samsung, Pantera Capital and others like LINE, Wanchai, Hyundai from Japan and several others.

IRC Token Added IRC tokens based on the ICON Network can be added. IRC, which is a standard token specification for the ICON Network, stands for ‘ICON Request for Comment’. You can now manage and send ICX, ETH, ERC20 tokens and various IRC tokens via ICONex. Have to say, after the official entry into the electronic money market. Icon Coin swiftly, successful success the first time token sales. This coin attracts the attention of many investors, focusing on themselves. Because of this, the…

Pros
  • Hospitals Precision Healthcare Information System (P-HIS) is an initiative to boost data integrity and bolster inter-hospital data exchanges among leading institutions in South Korean healthcare. A milestone in medical information management, the project will culminate with development of H-sign, a blockchain-based digital signature system. (ICX) is the electronic system's prefix Icoin.This is provide a supply supply Will settle on anyone in the world.
Cons
  • Relatively high total token supply + max 20% annual inflation,Look at the statistics on the floor or blogs about encryption. It can be seen that, compared with a number of advance electronics, Icon Coin more complete in many functions. Even when placed on the table with large currencies such as Ethereum, Bancor. ICX is still very perfect and full of charm. However, there are pioneers as expected of their developers or do not need time to review.

Revainrating 4 out of 5

ICON’s platform is best thought of as a blockchain of blockchains…

ICON’s platform is best thought of as a blockchain of blockchains. Independently-governed blockchains, that can function by their own rules, can operate on the ICON platform to work with each other. While in a Nexus (explained shortly), they will have to abide by certain rules, but they will still have governance over their individual blockchains. Think of them as independent states, with their own rules, working at a international level when they must cooperate with each other. These…

Pros
  • ICON team comprises of around 45 members each having different roles in the above mentioned departments. ICON also has a good board of advisors which includes: Don Tapscott -Don is one of the world’s leading authorities on innovation, media, and the economic and social impact of technology and advises business and government leaders around the world. He has authored or co-authored 15 widely read books all over the world, including the international best-seller Blockchain Revolution, which he co-authored with his son, Alex Tapscott. In 2015, Thinkers50 named Don as the 4th most important business thinker in the world. In 2017, he established The Blockchain Research Institute, the world’s leading think-tank dedicated to understanding blockchain opportunities, challenges and use-cases. Don is also of the the world’s leading blockchain and cryptocurrency influencer to follow. Paul Veradittakit – Partner at Blockchain Investment Firm, Pantera Capital Jason Best- A Forbes top 10 crowdfunding organizer, and many more
Cons
  • The ICON project has bifurcated it’s team in the following departments: Foundation Council – including 6 Members Blockchain Department (Technology) Blockchain Department (Business), Artificial Intelligence (AI) Department, and Design/Communication Security.

SDK (Complete) Java SDK V3: Java-based SDK that works with the ICON Network Python CLI: Python-based CLI tool that works with the ICON Network Python SDK V2: Python-based SDK that works with the ICON Network Python SDK V3: Python-based SDK that works with the ICON Network Service (Complete) T-Bears: Python-based SCORE Development and Emulation Tool When comparing ICON with other Blockchains, especially ETH, Bancor and EOS, ICON is almost complete compared to the rest. However, this is only…

Pros
  • Universities U-coin is a first blockchain cryptocurrency platform used by major South Korean universities. Students can charge cryptocurrency using Smart Vending Machines that can be used for day-to-day payments and transfers at school.ICON brings the Blockchain technology to our daily lives. ICON's research team has been building practical applications for real communities. In addition, ICON will benefit from "DAVinCl" - the artificial intelligence solution that is trusted by the largest financial institutions in the world.
Cons
  • ICON is fully compatible with traditional Blockchains like Bitcoin or Ethereum, and all other third party blockchain networks connect to the real world. ICON connects the digital money world and the real world to unlocking and inspiring new business opportunities and connections.

Also, ICON platform enables individuals and entities to use Blockchain I.D on the ICON platform for identy verification and enhanced security measures. ICON’s Decentralized Exchanges (DEX) is also an icing on the cake when it comes to the overall evaluation of ICON project. Considering the recent scams and hacks on centralized cryptocurrency exchanges, DEX or decentralized exchanges are surely the future of cryptocurrency trading. When it comes to price, there is a lot of room for upward…

Pros
  • ICON is one of the earlier platform to combine the benefits of Blockchain Technology and Artificial Intelligence. ICON, is also considered to be the key competition to Ethereum, when it comes to smart contracts and blockchain platforms. ICON’s whitepaper suggests ICON can easily be adopted in various industries such as: Education, Healthcare, Insurance, and many more.
Cons
  • Indian Crypto traders and investors can buy ICON (ICX) cryptocurrency from the following list of cryptocurrency exchanges: Bitbns, Coindelta, WazirX

ICON Wallet can be used to transfer, pay, and exchange currency in real time via DEX (Decentralized Exchange). It can be used in our daily lives with community networks: banking, securities, insurance, universities, and more.The ICON Network (ICX coin) will become a community of prestigious institutions including banks, securities, insurance, hospitals, schools and more. ICON's hierarchical applications (DAPPs), including Blockchain (ID Blockchain) accounts, Payments and Exchanges accounts…

Pros
  • Banks ICON network’s bank community is currently developing a pre-paid digital payment system. It aims to implement digital account management, recharging/transfers, withdrawals, and digital-currency(DC) management system. Ranked No. 15 on the Coinmarketcap, has a relatively fast growth, ICON (ICX coin) is becoming one of the coin Trader interested in finding out. Today, will find out more about ICX coin offline. ICON (ICX coin) is an electronic currency built for the purpose of creating the largest network of decentralization around the world. This is a project sponsored by the parent company Theloop, a company specializing in blockchain technology in Korea.
Cons
  • Blockchain IDs are issued through smart contracts and can be used for verification in all communities. You only take a few seconds to generate the next ID or receive a student discount even if your ID does not show that you are a student.

All the transaction on the network is done using ICX tokens. ICON also has DEX (Decentralized exchange) which allocates reserves to each blockchain involved in the network and also it decides which community will get how many numbers of reserves by using different metrics.

Pros
  • It reduces the involvement of unnecessary intermediaries while performing the transaction due to which transaction costs or fees are also getting reduced. It aims to be available for the daily transactions to make effective use of it.
Cons
  • Also, this coin supports DEX (Decentralized exchange) which allows different currencies to link independently. For knowing the exchange rates, they use the Banner Protocol. Thus, to connect they use Loopchain technology which is based on smart contracts which means if criteria are met, it allows to perform the transactions automatically..

ICONex Chrome Extension: Wallet app for Google Chrome ICONex Android: Wallet app for Android ICONex iOS: Wallet app for iOS Ledger Nano S Integration: ICONex Desktop and Ledger Nano S HW wallet support module Another point to note is that Coin does not sell to countries that are forbidden to buy Token, so there are a large number of buyers who can not afford them. Only way is to wait on the floor.

Pros
  • Banks ICON network’s bank community is currently developing a pre-paid digital payment system. It aims to implement digital account management, recharging/transfers, withdrawals, and digital-currency(DC) management system.The letter: ICON has by blockchain ID information through Smart Contract (valid contract) for certificate, personal identifier list, help number of transaction and easy information.Currently the two largest floor for us to buy and stock ICX is Binance and OKex floor.
Cons
  • Communication from the team could be more consistent.During Presale for 1 ETH = 2500 ICX, ICON was sold for 6 hours. And because the Presale sale has sold out all the major coins so the Sale and the Crowdsale are not rolling out.

Revainrating 4 out of 5

Several organizations are involved with ICON, one among them is ICON…

Several organizations are involved with ICON, one among them is ICON foundation which is a non–profit organization in Switzerland. This foundation will support the community and help them to led the token sale. Though, each coin has some advantages and disadvantages. All the blockchain communities interact via ICON republic which provides the way to communicate with each other. Apart from this, each blockchain has a C-Rep which acts as a representative that handles the transaction discrepancies

Pros
  • The team behind ICON coin It was launched by a Korean Fintech Company named as Dayli Financial group and it valued approx $4 billion and also they own the popular Korean exchange named Coinone.
Cons
  • Basically, ICON coin uses the Artificial intelligence (AI) for distribution purposes and their aim to reach their goals via implementing AI to achieve full-time decentralization. Thus for that, Dayli Intelligence developed the algorithm named as DaVinci AI. They might get challenges while balancing the loads as they are allowing so many communities to communicate with each other which involves multiple blockchain communities